PROJECT MANAGEMENTUltimate Housing offers our investors a turnkey solution when it comes to property management.
SOURCE & IDENTIFY A PROPERTY IN WHICH TO INVEST
Secure the property through our network of unique relationships with local agents and other connections.
IDENTIFY AND SET UP OF FINANCIAL VEHICLE
Ensure that the correct financial vehicle is set in place for the investor, whether onshore or offshore; within a limited company, trust or personal name. We have the network and expertise to assist the investor with these very important and sometimes extremely challenging decisions.
ASSIST WITH ACCOUNTING & LEGAL PROCESSES
We assist with the accounting and legal processes. The professionals we use know and understand our product and are extremely competent in their specific skills.
IMPLEMENT ARCHITECTURE & PLANNING
Subsequently, we use the services of architects and bespoke planning consultants, this ensures the work we are proposing to do on the refurbishment and extension is possible, cost effective and legally compliant.
During this process, we ensure that we get the best possible quotation from our various contractors to do the work. They include builders, carpenters, plumbers, window specialists and other associated contractors.
DRAWING UP CONTRACTS & PAYMENT SCHEDULES
Once the contractors are secured, a payment schedule is relayed to the investor, we ensure payments to all contractors and other service providers are on time and in order.
We ensure the contractors commence work as soon as possible after the property purchase is complete.
APPROVALS, GUARANTEES & CERTIFICATES
As soon as all work is complete, Ultimate Housing ensures that all building guarantees and associated certificates are in place. These include Building Control Certificates, Fire and Electricity Certificates, Gas Certificates and HMO Certificates where needed.
FURNISHING THE PROPERTIES
Ultimate Housing furnishes the properties on behalf of the investor. Ultimate Housing sets up utilities, broadband Internet and satellite TV for the new tenants. Following years of experience, we’ve identified furniture ranges which are modern, beautiful, functional, hardwearing and priced well below the High Street average.
SOURCING OF TENANTS
Ultimate Housing finds tenants through our network of associated agents. The tenants are usually young professionals between the ages of 22 and 34, and tend to stay for a minimum of 12 months. Our current average rent per room is £750 per month.
MANAGEMENT OF THE PROPERTY
Day-to-day management of the property and the tenants kicks in.
REPORTING TO THE INVESTOR
Ultimate Housing supplies monthly management reports to all investors. The reports include an overview of the monthly rental activity and highlights any noteworthy happenings.